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...“Shein is finding its merchant lock-in has been less robust than expected in light of Temu’s advances,” said Robin Zhu, an analyst at Bernstein....
...The second chart is from an interesting new paper by Nicholas Lardy, a senior fellow and resident China wonk at the Peterson Institute for International Economics....
...Which, as the IIF’s Robin Brooks observed, is a bit like an investor tweaking their historical returns to make them look better....
...From a paper by Chengyu Bai and Shiwen Tian of Shanghai Jiao Tong University (H/T former Alphavillain Tracy Alloway): We study the relationship between stock fund managers’ facial attractiveness and fund...
...The Federal Reserve’s weekly H.4.1 shows usage of the US central bank’s liquidity facilities, while the H.8 release details the assets and liabilities of US commercial banks....
...“The US is the world’s biggest consumer of stuff; China is the world’s biggest producer of goods,” said Robin Brooks, former chief economist at the Institute of International Finance....
...— Second, the Fed’s H.8 release indicates that bank lending to businesses has stagnated in recent weeks....
...The Jules Verne of investment research (H/T Adam Tooze) has left Credit Suisse after it was devoured by UBS....
...However, month-on-month (and seasonally-adjusted) the price of an egg collapsed 10.9 per cent in March, and the latest National Egg Review from the USDA has revealed the dire state of the market (H/T @riddleofsands...
...Robin Brooks, chief economist of the Institute of International Finance, tells me, “the large emerging economies have run monetary policy better than developed markets”....
...Featuring controversial Canadian psychologist Jordan Peterson, the conference is the latest in a series of media ventures bankrolled by Marshall, who has emerged as an enthusiastic combatant in the UK’s...
...(Peterson Institute) — America’s zero-sum economics doesn’t add up, argues Adam Posen (Foreign Policy) — The Tether Papers: This is exactly who acquired 70% of all USDT ever issued (Protos) — Remote restaurants...
...We’ll get more (albeit lagging) information on the deposit situation later today, when the Fed drops its H. 8 report on the assets and liabilities of the US commercial banking industry....
...The garden was designed by H Avray Tipping, who was at the forefront of the Arts and Crafts movement....
...I headed for D for deutzia and H for hydrangea and learnt new lessons. Have you yet tried a hydrangea called Runaway Bride or one called Renaissance?...
...(H/T the FT’s Antoine Gara for the below slide): You can see the shift here in SVB’s 2022 annual report. By the end of last year it only had $563mn worth of hedges left on its books....
...Here is the text of an actual bill that Ted Cruz — the Princeton and Harvard-educated one-time presidential contender and current Texas senator — introduced earlier this week (H/T Molly White): SENATE CONCURRENT...
Jackson Hole, John Malone, DraftKings and NNT on Christianity
...This week, for example, a fascinating debate occurred at the Peterson Institute between economic luminaries Olivier Blanchard and Larry Summers....
...The latest factsheet reveals an interesting joint-top holding (aside from cash and alongside Freenome, a private UK biotech company): (H/T Tanay Jaipuria) Presumably, the ARK Venture Fund picked this $1mn...
...🤷♀️ [H/T The Browser newsletter.]...
...Laurence Boone, France’s Europe minister, describes the EU’s approach to economic statecraft in a seminar at the Peterson Institute....
The ‘what happened, why it happened and what it means’ post
...and each adverse development in the outside world implies the Fed is going to have to do more in order to bring the situation under control,” said David Wilcox, a former Fed staffer who now works at the Peterson...
...Today, it has more than 250 signatories, including Kering, Chanel, Nike and H&M Group. Daveu and Vigneron say they are keen to follow the pact’s example....
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